Darden Restaurants

Darden Restaurants, Inc., owns and operates more than 1,500 restaurants that generate approximately $6.3 billion in annual sales. Headquartered in Orlando, Fla., and employing 150,000 people, Darden is recognized for a culture that rewards caring for and responding to people. In 2011, Darden was the first restaurant company ever named to the FORTUNE “100 Best Companies to Work For” list. Our restaurant brands – Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s and Yard House – reflect the rich diversity of those who dine with us.

Our brands are built on deep insights into what our guests want. Darden’s scale enables us to have the best systems in the industry, including the best in training and opportunity for our people. As we continue to invest in system updates and upgrades, we’re not only enabling greater consistency, accuracy and efficiency in our restaurants, but giving our people time to make the human touch an even larger part of dining with us. By combining our resources and working closely together, we're able to make every moment matter even more.

Company Growth (employees)
Type
Public
HQ
Orlando, US
Founded
1968
Size (employees)
178,729 (est)
Website
darden.com
Darden Restaurants was founded in 1968 and is headquartered in Orlando, US

Key People/Management at Darden Restaurants

Gene Lee

Gene Lee

President & Chief Executive Officer
Rick Cardenas

Rick Cardenas

Senior Vice President & Chief Financial Officer
Chris Chang

Chris Chang

Senior Vice President & Chief Information Officer

Darden Restaurants Office Locations

Darden Restaurants has an office in Orlando
Orlando, US (HQ)
1000 Darden Center Dr
Show all (1)

Darden Restaurants Financials and Metrics

Darden Restaurants Financials

Darden Restaurants's revenue was reported to be $7.2 b in FY, 2017
USD

Revenue (Q2, 2018)

1.9 b

Gross profit (Q2, 2018)

364.7 m

Gross profit margin (Q2, 2018), %

19%

Net income (Q2, 2018)

88.6 m

EBIT (Q2, 2018)

128.9 m

Market capitalization (22-Dec-2017)

12.3 b

Cash (26-Nov-2017)

114.7 m

EV

13.2 b
Darden Restaurants's current market capitalization is $12.3 b.
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

6.3 b6.8 b6.9 b7.2 b

Revenue growth, %

8%3%3%

Cost of goods sold

5 b5.3 b5.4 b5.6 b

Gross profit

1.3 b1.4 b1.5 b1.6 b
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

1.6 b1.6 b1.7 b1.7 b1.6 b1.8 b1.7 b1.6 b1.9 b1.9 b1.9 b

Cost of goods sold

1.3 b1.3 b1.3 b1.3 b1.3 b1.4 b1.3 b1.3 b1.4 b1.5 b1.5 b

Gross profit

313.2 m289.3 m388.6 m376.3 m324.9 m432 m371.7 m321 m438.5 m413.8 m364.7 m

Gross profit Margin, %

20%19%22%22%20%23%22%20%23%21%19%
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

98.3 m535.9 m274.8 m233.1 m

Accounts Receivable

83.8 m78 m64 m75.9 m

Prepaid Expenses

72.3 m69.4 m76.4 m80.7 m

Inventories

196.8 m163.9 m175.4 m178.9 m
USDQ2, 2014Q3, 2014Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

84.6 m127 m690.1 m857.6 m215.8 m114.7 m116.8 m391.4 m146.8 m114.7 m

Accounts Receivable

60.8 m63.3 m53.8 m56.3 m69.8 m43.6 m57.6 m66.7 m

Prepaid Expenses

74.3 m76.8 m73 m82.3 m82.2 m77.5 m88.3 m90.4 m

Inventories

418 m461 m162.6 m170 m178.9 m161.8 m183.6 m168 m176.3 m199.1 m
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

286.2 m709.5 m375 m479.1 m

Depreciation and Amortization

304.4 m319.3 m290.2 m272.9 m

Accounts Receivable

(1.5 m)7.8 m14 m(6.5 m)

Inventories

(25.6 m)64.5 m(11.8 m)5 m
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

503.2 m470.4 m604.2 m86.4 m129.6 m235.4 m110.2 m189.7 m355.3 m119 m203.7 m

Depreciation and Amortization

78.7 m158.8 m238.4 m81.1 m156.4 m223.4 m66.8 m134.6 m202.5 m76.1 m154.9 m

Accounts Receivable

12.5 m16.2 m18.7 m18.4 m15.9 m25.3 m11.8 m(1.7 m)24.5 m18.9 m9.5 m

Inventories

26.8 m34.9 m55.6 m1.3 m(6.3 m)(15.2 m)13.6 m(8.3 m)7.3 m2.6 m(20.1 m)
USDY, 2017

EV/EBIT

102.8 x

EV/CFO

43 x

Revenue/Employee

10.5 k

Debt/Equity

0.6 x

Debt/Assets

0.2 x

Financial Leverage

2.7 x
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Darden Restaurants Operating Metrics

Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018

Restaurants

1.5 k1.52 k1.53 k1.53 k1.53 k1.53 k1.54 k1.54 k1.54 k1.54 k1.55 k1.7 k1.7 k1.72 k

Franchised Restaurants

3438474850525352787870
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Darden Restaurants Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Rare Hospitality International
Eddie V’s Holdings
Bahama Breeze Holdings
Cheddar's Restaurant Holding Corp.
Seasons 52 Holdings
Rare Hospitality Management LLC
Capital Grille Holdings
Yard House USA
GMRI
Olive Garden of Texas
N and D Restaurants
Cheddar’s Casual Café
Darden Corporation

Darden Restaurants Market Value History

Darden Restaurants Revenue Breakdown

Darden Restaurants's Web-traffic and Trends

Darden Restaurants Online and Social Media Presence

Darden Restaurants Company Life and Culture

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